Implied Term By Custom

Business, Legal & Accounting Glossary

Definition: Implied Term By Custom

Full Definition of Implied Term By Custom

An Implied term in a contract that arises from the custom in a particular trade or a particular locality. For example, in Smith v Wilson (1832) the tenant of a farm given notice to quit was held to be entitled to compensation for the seeds he had used in the course of farming the land. Although there was no such term in the agreement between landlord and tenant, it was the custom in that locality.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Implied Term By Custom. Payroll & Accounting Heaven Ltd. July 16, 2020
Chicago Manual of Style (CMS):
Implied Term By Custom. Payroll & Accounting Heaven Ltd. (accessed: July 16, 2020).
American Psychological Association (APA):
Implied Term By Custom. Retrieved July 16, 2020, from website:

Definition Sources

Definitions for Implied Term By Custom are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 6th April, 2020 | 0 Views.